Real Estate
La Plata County Colorado Association of Realtors Numbers for October
This week, we have the latest real estate numbers for La Plata County for the month of October. The attached charts show a detailed breakdown of several market segments in La Plata County, showing La Plata County as a whole, Durango In Town, Durango Rural, Bayfield In Town, Bayfield Rural, Ignacio In Town, Ignacio Rural, and Durango Mountain Area. These charts indicate the statistics and key metrics for single family homes and...
La Plata County Real Estate Transactions for October
This week we have the latest La Plata County real estate transactions for the month of October. We had 97 total sales, a lower number than last October, which had a total of 106 sales. Year to date, we are at 968 total sales, whereas last year at this time we had a total of 978 total sales. So, while we had a drop in the total number of transactions for the month of October compared to last year, we only see a gap of ten sales year to...
Maintenance Tips to Winterize Your Home
Temperatures are dropping and many years we’ve even had snow in Durango by late October, which means it’s incredibly important to ensure your home is ready for winter. Every late fall we like to send a reminder to our clients with some tips for winter home preparation. Remove hose from spigot. We remind our clients of this every year, but the importance cannot be overstated. When hoses are attached and freezing temperatures occur,...
Tips to Winterize a Vacation Home
Last week we mentioned ways to winterize homes for our clients who live in winter weather all year. However, many of our friends and clients utilize their homes in La Plata County as vacation homes, and they leave for the winter. If this is the case, there are additional preparations that should be made to ensure a home’s safety through the cold season. Below are some tips we recommend. Turn Water Off: Be sure to turn water off if you...
Colorado Association of Realtors Numbers for September – La Plata County
This week, we have the latest real estate numbers for La Plata County for the month of September. The attached charts show a detailed breakdown of several market segments in La Plata County, showing La Plata County as a whole, Durango In-Town, Durango Rural, Bayfield In-Town, Bayfield Rural, Ignacio In-Town, Ignacio Rural, and Durango Mountain Area. These charts indicate the statistics and key metrics for single family homes and...
La Plata County Residential Transactions for September
This week we have the latest residential real estate transaction numbers for the month of September. With 125 total sales it was a standout month! This was the second highest number of sales for any month thus far in 2019, and also higher than any other September since 2011. Year to date, we are at a total of 871 total sales compared to 872 last year through this time, closing the gap we have seen for much of the year. The median...
Smart Downsizing and Baby Boomers
A recent The Washington Post article noted that Baby Boomers are “smart sizing” instead of “downsizing” their homes (https://magazine.realtor/daily-news/2019/09/25/older-home-buyers-are-opting-to-smart-size-over-downsize). We have worked with many buyers over the years who are ready to downsize, and we have a few points to consider for what we think of as smart downsizing. Lifestyle communities are a draw for those looking to...
Townhouse, Condo, or Single Family Home?
With the low interest rates we’ve seen lately, there’s an opportunity for those who thought they were previously priced out of the market to afford a home. Entry level purchases are townhouse or condos, or single family homes. We oftentimes work with buyers considering the differences between each of these options. Sometimes the decision is very simple for particular buyers, as one of these fits a specific need better than the other...
August La Plata County Real Estate Statistics
This week we have the latest La Plata County residential real estate numbers for the month of August. With 113 total sales, it was a slightly lower month than July, but as we noted last month, July was the strongest month thus far of 2019, so we would expect August to slow a bit. Year to date, we are at a total of 746 sales. Last year at this time we were at a total of 779 total sales. This continues the trend we have seen for much of...
The Short Shoulder Season
Last week we mentioned that many of our local schools are back in session, and you may have noticed downtown Durango is a bit quieter now. This is typical for our area—the end of summer and beginning of fall is often considered a “shoulder” season for La Plata County real estate. For the next few weeks (generally until about mid-September), we may see the market slow a bit. Many people are adjusting to school back in session and...
End of Summer Home Maintenance
School started for many of our local students this week, and with the start of school comes schedules and a change of weather. As homeowners, it’s also time to consider end-of-summer tasks to prepare your home for fall. While the shift from fall to summer in Durango is not as extreme as the shift to winter, there are still several items that should be done to stay on top of home maintenance. Outdoor furniture and appliances: Now is a...
Colorado Association of Realtors Stats – July 2019 – La Plata County
This week, we have the latest real estate numbers for La Plata County for the month of July. The attached charts show a detailed breakdown of several market segments in La Plata County, showing La Plata County as a whole, Durango In-Town, Durango Rural, Bayfield In-Town, Bayfield Rural, Ignacio In-Town, Ignacio Rural, and Durango Mountain Area. These charts indicate the statistics and key metrics for single family homes and...
The Wells Group Client Appreciation Event—Saturday!
This Saturday, August 17, is our Wells Group Client Appreciation event, and it’s one you won’t want to miss. We will be showing Angry Birds 2 and The Art of Racing in the Rain. Shows start at 8:30am, and doors open at 8am. Each person who brings school supplies for Durango School District 9R will even receive a $5 voucher for concessions! We are thankful for all of our clients who make our business possible. We hope you have a chance...
La Plata County Residential Transactions for July
We have the latest La Plata County Residential Real Estate numbers for our blog this week, and it was an interesting month! With 132 total sales, this is the highest number of sales we have had for any month thus far in 2019. Also, this July is higher than any July since prior to 2011! Year to date, we are at 633 total sales compared to 649 total sales last year at this time. While July was a strong month, we still haven’t exceeded...
Real Estate In The News
For our communication this week, we wanted to share some real estate news making headlines. On Wednesday, The US Federal Reserve announced that it would cut interest rates for the first time since the Great Recession in 2008. While the federal interest rate doesn’t go hand in hand with mortgage rates, they oftentimes follow. “Lawrence Yun, the chief economist at the National Association of Realtors also believes the rate cut will have...
Market Changes
As we have looked at La Plata County real estate transactions the last couple of weeks, we have noted the total number of transactions has decreased. As we have mentioned throughout the course of the year, the market is slightly slower than last year, which means we are seeing a change in the market. When the real estate market changes, it is our job to guide our clients in terms of strategy and planning to ensure optimum results....
June Colorado Association of Realtors Numbers
This week, we have the latest real estate numbers for La Plata County for the month of June. The attached charts show a detailed breakdown of several market segments in La Plata County, showing La Plata County as a whole, Durango In-Town, Durango Rural, Bayfield In-Town, Bayfield Rural, Ignacio In-Town, Ignacio Rural, and Durango Mountain Area. These charts indicate the statistics and key metrics for single family homes and...
June La Plata County Real Estate Transactions
This week we have the latest residential real estate transactions for the month of June. With 105 total transactions, we are slightly below the total number of May transactions for this year. This number is also a bit behind the total number of transactions we have seen in recent previous years during the month of June. Year to date, we are at 501 total transactions. Last year at this time there were 528 total transactions. While we...
Should You Work With A Real Estate Agent?
One of the questions many people ask is whether they should bypass working with a real estate agent when they sell their home. There are several key reasons to utilize a real estate broker, and it helps to understand the roles and responsibilities of a broker in the process. When a client chooses to work with a real estate broker, s/he enters into a contractual agreement with the broker. According to the Colorado Association of...
Homeownership and The American Dream
As we close the month of June, we would be remiss not to focus on real estate and its impact on our country. June is National Homeownership Month. According to the White House, “During National Homeownership Month, we acknowledge the benefits of sustainable homeownership. Homeownership continues to be an important option for many Americans to invest in their communities, build wealth, and achieve the American Dream” The National...
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